Balance
of Payments of the Russian
Federation for 2007
(Analytical Presentation)(millions of US dollars)

Q1 2007

Q2 2007

Q3 2007

Q4 2007

2007

Current account

22,797

14,695

15,861

24,415

77,768

Goods

28,918

30,971

31,139

39,887

130,915

Export

71,693

83,732

89,483

109,492

354,401

oil

23,382

28,965

31,523

37,632

121,503

oil products

9,959

11,900

14,050

16,318

52,228

natural gas

10,542

9,850

9,874

14,571

44,837

other

27,809

33,017

34,037

40,971

135,833

Import

-42,775

-52,761

-58,344

-69,605

-223,486

Services

-3,010

-4,385

-6,012

-5,480

-18,888

Export

7,644

9,327

10,860

11,426

39,257

transportation

2,618

2,771

2,980

3,461

11,829

travel

1,483

2,465

3,213

2,286

9,447

other services

3,543

4,091

4,667

5,679

17,980

Import

-10,655

-13,712

-16,872

-16,906

-58,145

transportation

-1,731

-2,261

-2,503

-2,853

-9,348

travel

-3,758

-5,063

-7,429

-4,967

-21,216

other services

-5,166

-6,388

-6,940

-9,087

-27,581

Compensation of employees

-931

-1,557

-2,447

-2,383

-7,318

Investment income

-1,794

-10,097

-5,608

-5,935

-23,434

Receivable

10,486

10,208

11,315

12,776

44,784

Payable

-12,279

-20,305

-16,923

-18,711

-68,218

General government

245

-352

-496

-402

-1,005

Receivable

832

272

92

187

1,383

Payable

-587

-624

-588

-590

-2,389

Local government (payable)

-11

-11

-10

-73

-105

Monetary
authorities

3,282

4,212

4,721

4,968

17,183

Receivable

3,282

4,212

4,721

4,968

17,183

Payable

0

0

0

0

0

Banks

-871

-1,227

-1,623

-1,427

-5,147

Receivable

940

1,081

1,052

1,643

4,716

Payable

-1,810

-2,307

-2,676

-3,069

-9,863

Other sectors

-4,439

-12,719

-8,200

-9,000

-34,359

Receivable

5,431

4,643

5,449

5,979

21,502

Payable

-9,871

-17,362

-13,649

-14,979

-55,861

Current transfers

-386

-236

-1,211

-1,674

-3,506

Capital and financial
account

14,304

48,617

-4,444

26,030

84,507

Capital account (capital transfers)

-875

155

89

-9,593

-10,224

Financial account (excluding reserve assets)

15,179

48,462

-4,533

35,623

94,730

Liabilities (’+’ - increase, ’-’ - decrease)

42,816

68,973

37,030

59,120

207,939

General government

-1,599

-2,350

-1,577

-1,974

-7,500

Portfolio investment

-810

-1,824

-1,004

-225

-3,863

Issue

2

0

0

0

2

Redemption

-986

-2,170

-1,104

-343

-4,603

principal

-402

-1,872

-335

-228

-2,837

coupons

-584

-298

-769

-115

-1,766

Interest
reinvestment

475

485

481

467

1,907

Secondary
market

-300

-139

-381

-349

-1,169

Loans

-834

-541

-599

-909

-2,883

Arrears

-12

11

23

-785

-763

Other liabilities

57

4

3

-55

9

Local government

19

-73

-4

-74

-133

Monetary
authorities

81

75

175

550

882

Banks

14,925

23,090

17,022

15,873

70,910

Direct investment

1,726

1,911

1,986

1,598

7,221

Loans and deposits

7,723

14,284

13,949

15,002

50,959

Other liabilities

5,477

6,895

1,086

-727

12,731

Other sectors

29,389

48,231

21,414

44,745

143,779

Direct investment

16,757

9,237

6,729

15,129

47,853

Portfolio investment

-4,407

3,442

-2,280

8,433

5,189

Loans

17,217

32,927

18,351

22,305

90,800

Other liabilities

-178

2,624

-1,387

-1,122

-63

Assets, excluding reserve
assets (’+’- decrease, ’-’- increase)

-27,637

-20,511

-41,564

-23,497

-113,208

General government

-666

-642

405

8,127

7,224

Loans

185

260

136

-2,174

-1,594

Arrears

-834

-397

-71

10,081

8,779

Other assets

-17

-505

340

220

39

Monetary
authorities

-78

64

-419

-34

-467

Banks

-14,873

13,824

-20,542

-3,532

-25,122

Direct investment

-116

-96

-110

-366

-687

Loans and deposits

-14,621

15,691

-20,614

-2,369

-21,913

Other assets

-136

-1,770

182

-797

-2,522

Other sectors

-12,020

-33,758

-21,008

-28,058

-94,843

Direct
and portfolio investment

-6,685

-22,306

-10,423

-11,280

-50,694

Cash foreign currency

2,006

4,067

4,848

4,369

15,289

Trade credits and advances extended

3,336

-2,641

-623

-975

-904

Indebtedness on supplies according to intergovernmental
agreements

-373

-536

766

-140

-282

Fictitious transactions*

-7,158

-7,699

-9,588

-10,051

-34,497

Other assets

-3,145

-4,642

-5,988

-9,981

-23,756

Net errors and omissions

-4,177

2,235

-3,520

-7,885

-13,347

Change in reserve assets (’+“- decrease,’-’ - increase)

-32,923

-65,548

-7,896

-42,560

-148,928

* Includes fictitious transactions relatied to foreign trade in goods and
services as well as securities trading.

Note:

The balance of payments data may be subject to changes (mainly, during
a year after being published).

For more specified statistics on this issue as
well as analytical comments, summary methodology, brief description of data
sources and data revision, please apply to the quarterly publication
“Balance of Payments and External Debt of
the Russian Federation” which is placed in External Sector’s
Statistics section in Russian on this web site upon it’s availability.